Cryptocurrency investment firm Trend Research continues to increase its Ethereum (ETH) position despite an unrealized loss of approximately $250 million.
The company made an additional purchase of approximately 46,000 ETH in the last 24 hours, amounting to $137 million.
With this latest purchase, Trend Research’s total ETH exposure has risen to 626,000 ETH. At current prices, this position is worth approximately $1.8 billion. The total outstanding PnL (Process Line) calculated based on transfer times is recorded as -$250 million.
According to Arkham data, eight different entities linked to Trend Research control $1.84 billion in assets, primarily in AETH/WETH positions.
Jack Yi, a partner at the company, stated that their Ethereum purchases were part of a consistent strategy. Yi noted that they have been one of the largest long-selling investors in ETH since the price dropped to around $3,000 on October 10th, and expressed their expectation of a major bull market in 2026, particularly in the first quarter.
Jack Yi also pointed out the excessive short positioning in derivatives markets, stating that on some platforms, futures open positions have reached several times the spot supply, becoming a decisive factor in price. He noted that the shift of finance to on-chain in 2026, stablecoin growth, the interest rate reduction cycle, and improvements in crypto policies will provide strong support to the sector, adding that they have diversified their main positions with ETH, heavily weighted towards WLFI, and additionally with BTC, BCH, and BNB.
*This is not investment advice.
